Alipay demos biometrics for in-store payments

Chinese online payments giant Alipay demonstrated Alipay Touch, a fingerprint biometric system for its mobile wallet app, at a conference in Beijing earlier this month. AliPay Touch allows users to make mobile payments through Alipay Wallet by swiping their finger, WSJ reports. The company is also working with startup Megvii to add facial recognition technology to the wallet for account creation and verification.